Sunedison Inc. (fka SUNEQ)

[FEED_THE_FOXES]

SUNE has not received anything yet from the India sale and will not until the deal is approved in both US Bankruptcy Court and the India court(s). They have pending legal issues in India for failure to meet performance deadlines. The deal as most recently reported shows it covers 350 MW of operating projects and 950 MW of pipeline projects. Since most of SUNE's operating projects are in GLBL, GLBL will get the most of the cash. Your hypothesis on potential future sales also leaves out the current stalking horse agreement with NRG for 2,100 MW of projects (40% of the project pipeline) which may net SUNE only $144 million. If you use your extrapolation method on the rest of the portfolio that gets them maybe another $200 million. Fire sales are always tough to take when the seller HAS TO SELL.